Various tax matters. Amends estimated quarterly tax payment provisions. Restructures tax collection requirements for kerosene to eliminate specialized tax filing. Streamlines the filing requirements for gasoline use tax to eliminate multiple filing requirements. Specifies the liability and remittance requirements for the gross retail tax, gasoline use tax, and other listed taxes in certain circumstances. Amends provisions that apply to passenger and household goods carriers. Amends the college savings tax credit. Replaces the term "college choice 529 education savings plan" with "Indiana529 plan". Makes a clarifying change to the closed system cartridge tax. Extends the renewal period from one year to two years for businesses licensed to collect the electronic cigarettes tax, closed systems cartridge tax, and other tobacco products tax. Specifies that the fiscal officer of an entity that has adopted an innkeeper's tax, a food and beverage tax, or an admissions tax must enter into an agreement with the department of state revenue (department) before the department provides certain information to the fiscal officer as required under current law. Specifies when certain tax information may be disclosed by the department. Provides for the transfer of certain funds from the bureau of motor vehicles commission fund to the motor carrier regulation fund. Provides that a person who commits a violation involving a consumer transaction entailing the transportation of passengers or household goods commits a deceptive act that is actionable by the attorney general and is subject to certain remedies and penalties. Specifies remittance procedures for the gasoline use tax. Specifies recapture procedures for certain reduced estimated tax payments. Makes corresponding changes.

Energy production zones. Provides that a project owner is not required to apply for or receive a zoning permit (permit), or any other land use or zoning approval, from a local authority for the construction of a facility, other than a wind power device or commercial solar energy system, for the generation of electricity (electric generation facility) if: (1) the Indiana utility regulatory commission (commission): (A) grants the project owner a certificate of public convenience and necessity for the construction; or (B) declines jurisdiction over the construction; (2) the electric generation facility will be located on a premise of land on which there was located as of January 1, 2025: (A) an existing electric generation facility with a generating capacity of at least 80 megawatts, regardless of whether the electric generation facility is operational; or (B) a former surface or underground mine; and (3) the project owner complies with specified notice and hearing requirements. Requires an applicant for a permit from a local authority to be given an extension of time if the applicant's failure to meet the application deadline was caused by unforeseen circumstances beyond the applicant's control. Provides that a deadline in an ordinance for commencing or completing a permitted use is tolled until two years after the conclusion of any litigation or regulatory proceeding regarding the granting of the permit. Sets deadlines for review of permit applications. Establishes requirements for development agreements. Provides that certain legal restrictions in effect at the time a permit is issued continue to apply unless the development is not completed within 10 years. Specifies that certain legal restrictions in effect at the time a development agreement is entered into apply for the period specified in the development agreement. Provides that the statute governing the approval of permits concerning zoning does not authorize the impairment of any vested right or abrogate any rights vested under common law. Specifies when land use rights are considered vested. Imposes other requirements upon the permit approval process. Authorizes a political subdivision or a local authority to prohibit, for a period of not more than one year, the siting, construction, installation, permitting, or deployment of a project (other than a project undertaken by specified entities) that involves the siting, construction, or deployment of facilities, equipment, or infrastructure used in the generation of electricity. Provides that a prohibition may not be extended or renewed for any length of time, regardless of when the prohibition first takes effect. Provides that after an advisory plan commission certifies a proposal to adopt, amend, or partially repeal the text of a zoning ordinance, the legislative body must take final action to adopt, amend, or reject the proposal. (Current law provides that after the legislative body acts on the proposal, the proposal returns to the plan commission for further proceedings.)

Water utilities. Includes water utilities within the scope of the statute that subjects wastewater utilities that: (1) are not under the jurisdiction of the Indiana utility regulatory commission (IURC) for the approval of rates and charges; and (2) have been issued one or more enforcement orders by the department of environmental management; to a series of oversight actions by the IURC for each additional enforcement order, including rate review, rate regulation, and the initiation of a receivership proceeding. Makes a conforming amendment to the statute that governs the process by which water utilities and wastewater utilities may withdraw from the jurisdiction of the IURC. Amends the statute governing the acquisition of water utilities and wastewater utilities to require the IURC to consider and authorize mechanisms to allow utility companies to integrate into their systems, invest in, and earn on acquired utility assets, subject to a finding by the IURC that the proposed mechanism is just and reasonable and in the public interest. Amends the statute governing the recovery of costs for eligible infrastructure improvements made by water or wastewater utilities to provide that, in the case of a public utility (as defined in the Indiana Code), "infrastructure improvement costs" eligible for recovery include: (1) deferred depreciation expense; and (2) post in service carrying costs; for the eligible infrastructure improvements. Adds language to the Indiana Code chapter governing public water supplies to provide that a complaint: (1) seeking damages from a water utility; and (2) arising out of an alleged exposure to drinking water supplied by the water utility; is barred if the water supplied by the water utility met applicable regulatory standards under specified federal and state law. Amends the Indiana Code section prohibiting the department of natural resources (department) from regulating certain activities within the 100 year flood level of a water supply reservoir owned and operated by a municipality or a public utility for the purpose of providing water utility service to the public to also prohibit the department from ordering the closure or removal, or the partial closure or removal, of: (1) a dam that forms such a water supply reservoir; or (2) a dam that forms or contains a body of water that is used to supply one or more private water wells; if the closure or removal, or the partial closure or removal, of the dam would impact the provision of water utility service to the public or the supply of water to one or more private water wells.

Microtransit pilot program. Establishes the microtransit pilot program for the purpose of providing microtransit services to residents of eligible counties.

Indiana economic development corporation board. Beginning in 2026, modifies the criteria for appointment to the board of the Indiana economic development corporation (board) to require that certain members appointed by the governor must reside in separate Indiana congressional districts but preserves the provision that permits the governor to appoint not more than three additional members to the board without regard to the congressional district residency requirement added by the bill. Makes corresponding changes.

Tax increment financing. Provides that if a proposed redevelopment project area is not taxable at the time the allocation area is being established, any property taxes that would have been paid on undeveloped land shall be included in the base assessed value for purposes of determining property tax levy distributions to the appropriate local units.

Renter's deduction for disabled veterans. Provides an additional tax deduction for a disabled veteran who rents a dwelling for use as the disabled veteran's principal place of residence.

Various tax and fiscal matters. Provides a maximum property tax liability credit for certain homestead owners based on the owner's age and annual income. Specifies the amount of the credit. Makes certain changes to the deduction amounts and qualification requirements for the disabled veteran deductions. Provides a 100% property tax exemption for permanently disabled veterans. Increases the amount of certain personal exemptions from $1,000 to $3,500 for individual taxpayers who satisfy certain income criteria. Provides an additional adjusted gross income tax deduction of $5,000 for educators in elementary or secondary education, police officers, firefighters, and veterans. Provides an adjusted gross income tax deduction for taxpayers who install solar energy panels on the taxpayer's homestead equal to the cost of the labor and materials for the installation of the solar energy panels. Repeals the renter's deduction and instead provides a refundable income tax credit for renters. Provides that the amount of the credit is $6,000, or $7,500 in the case of a disabled veteran. Provides a refundable income tax mortgage credit for first time home buyers. Provides that the amount of the credit is $15,000, which may be claimed for five consecutive taxable years. Provides an adjusted gross income tax deduction for the first $16,000 of retirement income received by an individual who is at least 62 years of age. Defines "retirement income". Provides a sales tax exemption for utility services, including water, natural gas, and electricity. Provides a sales and use tax exemption period during the last week of January and the last week of August each year for school supplies, backpacks, clothing, or computers, if the item is purchased for use by: (A) a student in a public or private elementary or secondary school; or (B) a student attending a postsecondary school; in Indiana. Appropriates $140,000,000 for the biennium to the department of education to be used as supplemental funding for the federal Child Care and Development Fund voucher program. Increases the maximum amount of the income tax credit for an individual employed as a teacher for amounts expended for classroom supplies from $100 to $1,000 per taxable year. Increases the cigarette tax by $1 per pack. Increases the river boat wagering tax, and increases the supplemental wagering tax, slot machine wagering tax, and sports wagering tax and deposits the revenue from the increases in the state general fund. Increases the beer excise tax, liquor excise tax, wine excise tax, and hard cider excise tax and deposits the revenue from the increases in the state general fund.

IURC matters. Amends within the Indiana Code chapter governing publication procedures for political subdivisions the provision governing the publication of a notice of a hearing by the Indiana utility regulatory commission (IURC) to reference the publication procedures for hearings set forth in the Indiana Code chapter governing the IURC. Amends the publication procedures within the statute governing the IURC to provide that if any newspaper of general circulation in which the IURC publishes a notice does not publish a print edition at least three times a week, the IURC may publish the notice in either: (1) the print edition; or (2) an electronic edition; of the newspaper or a locality newspaper that circulates within the county. Adds a definition of "court reporter" to the Indiana Code chapter governing the regulation of utilities. Replaces references to a "stenographer" with references to a "court reporter" throughout that chapter and in other instances in the Indiana Code in which a "stenographer" or "reporter" is referenced in the context of an IURC proceeding. Repeals all remaining provisions in the Indiana Code chapter concerning alternative energy projects by rural electric membership corporations following the repeal by the general assembly in 2024 of other provisions in that chapter that established a fund to provide incentives under a program that is no longer operational. Increases the civil penalties for violations of the state statute or rules governing pipeline safety: (1) from $25,000 to $200,000 per violation per day; and (2) from $1,000,000 to $2,000,000 for the maximum civil penalty for a related series of violations; so as to conform Indiana's civil penalties with those prescribed by the federal Pipeline and Hazardous Materials Safety Administration.

Homeowners association matters. Provides that the governing documents of a homeowners association may authorize any vote to be conducted by electronic means. Requires a homeowners association to send certain notices to members of the homeowners association. Requires a homeowners association to send a certain notice to the attorney general. Requires a homeowners association to create and maintain a website that includes certain information. Requires the attorney general to establish a training course that members of a homeowners association board must complete.

Tax incentive review. Amends provisions that apply to the legislative services agency's periodic tax incentives review and analysis.

County recorder's records perpetuation fund. Provides that certain fees collected by the county recorder are deposited in the county recorder's records perpetuation fund. Provides that a fee for recording a mortgage assumption is the same as the fee for recording a mortgage. Removes an expired provision. Makes stylistic changes.

Hospitality taxes. Prohibits the civic center authority in Delaware County, which is established to receive and administer tax revenue from the county's food and beverage tax, from delegating any of its authorities under the food and beverage statute or from transferring any food and beverage tax revenue to governmental, not-for-profit, or other private entities under a lease or contractual arrangement for the purpose of operating, maintaining, and promoting the use of a civic center. Provides that if the fiscal body of Delaware County does not fix the budget, tax rate, and tax levy for the ensuing budget year as required, the most recent annual appropriations and annual tax levy are continued for the ensuing budget year.

Indiana economic development corporation. Allows the fiscal body of a county, city, or town to adopt an ordinance to require the Indiana economic development corporation (corporation) to make payments in lieu of taxes (PILOTS) with respect to real property that satisfies each of the following conditions: (1) The corporation is the owner of any real property that is exempt from property taxes. (2) The corporation has been the owner of such real property for at least one year on the date that an ordinance is adopted. Specifies that the assessed value of the real property subject to PILOTS is equal to the assessed value of the real property on the assessment date of the calendar year in which the corporation purchased the real property while the ordinance is in effect. Provides for the submission of an annual report of the activities of an innovation development district as to financial information pertaining to tax increment financing districts in an innovation development district to the: (1) fiscal body of the county, city, or town; and (2) department of local government finance. Continuously appropriates from the state general fund the amount necessary for the corporation to pay the required PILOTS.

Extension of water services. Allows a water or wastewater utility to extend service up to three miles to a: (1) public school, including a charter school; or (2) nonpublic school that employs one or more employees; without a deposit or other adequate assurance of performance from the customer if certain conditions are met. Provides that the extension qualifies as an eligible infrastructure improvement for purposes of infrastructure improvement charges. Provides that a public utility must conduct an outreach program before it condemns land for the purpose of extending a water or wastewater main. Establishes certain meeting and notice requirements for the outreach program.